The average salary for a Loan Administrator in New York, New York is $50,000.
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$34k - $82k
$35k - $96k
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Job Description for Loan Administrator
There are many reasons individuals seek to procure loans, places one may go to find one, and different contexts in which loan processes are administered. Whatever the variables, most institutions which loan money typically employ a loan administrator to oversee the processes. Also known as a loan officer or a loan processor, these individuals are responsible for every aspect of the loan process, from meeting with prospective borrowers and hashing out terms to overseeing collection and processing…Read more
Loan Administrator Tasks
- Assess loan applications and credit reports.
- Maintain legal documentation and ensure accuracy.
- Develop and negotiate plans with borrowers.
- Answer questions and interview applicants.
Loan Administrator Job Listings
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Popular Skills for Loan Administrator
Skills in Commercial Loans are correlated to pay that is above average. Skills that pay less than market rate include Loan Processing and Loan Documents.
Pay by Experience Level for Loan Administrator
An early career Loan Administrator with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $52,874 based on 8 salaries. A mid-career Loan Administrator with 5-9 years of experience earns an average total compensation of $65,000 based on 6 salaries. An experienced Loan Administrator with 10-19 years of experience earns an average total compensation of $50,000 based on 6 salaries.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Loan Administrator in their job title in Los Angeles, California earn an average of 50.0% more than the national average. These job titles also find higher than average salaries in Boston, Massachusetts (22.3% more) and Dallas, Texas (14.3% more). The lowest salaries can be found in Atlanta, Georgia (11.9% less).
Years of Experience
This data is based on 20 survey responses.